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[a] Why are different materiality bases considered when determining
planning materiality?
[b] Why are different materiality thresholds relevant for different audit
engagements?
[c] Why is the materiality base that results in the smallest threshold
generally used for planning purposes?
D. Why is the risk of management fraud considered when determining
performance materiality?
E. Why might an auditor not use the same performance materiality
amount or percentage of account balance for all financial statement
accounts?
F) Why does the combined total of individual account performance
materiality commonly exceed the estimate of planning materiality?
G) Why might certain trial balance amounts be projected when
considering planning materiality?
[2] Based on your review of the Exhibits (1 and 2) and audit memos (G-
3 and G-4), complete audit schedules G-5, G-6 and G-7.
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ACC 546 CASE 9.1 Wallys Billboard Sign Supply
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